The Effect of Financial Literacy and Risk Tolerance on Investment Decisions: the Role of Moderation Easy Access to Financial Technology

This study examines the effect of financial literacy and risk tolerance on investment decisions by considering ease of access to financial technology as a moderating variable. The population and sample were Generation Z in Yogyakarta. The quantitative method was used by collecting data using Google Form from 355 respondents. Data analysis was carried out using SEM-PLS through SmartPLS 4. The results showed that financial literacy and risk tolerance had a positive effect on investment decisions. Ease of access to financial technology does not moderate the effect of financial literacy and risk tolerance on investment decisions but has a direct effect. This finding is important for the financial sector to develop financial literacy and fintech platforms to support efficient investors' investment decisions.